By 2050 global demand for wind and solar power investment amounted to $13 trillion

According to the Dutch bank ING issued a new report this week, 2050 years of wind and solar energy investment need to achieve $13 trillion in 30 years, in order to reduce carbon dioxide emissions by 64% in 2050.

ING global economists and strategists said in a report, so as to realize the goal of emission reduction of 64% in 2050, so investment in solar and wind energy to reach $13 trillion. But in the report is lack of the 2030 goal.

in particular, the scene of ING focuses on using oil, coal and natural gas instead of wind and solar power. “ These are the key factors that reduce carbon dioxide emissions, & throughout; ING, said & other; We think this is the reality, because it affects the way the reasonable implementation of the new technology. ” The report also takes into account the expected growth in energy demand in the coming decades, predicted energy demand will more than double in 2050. Including the expected growth in electricity consumption, because they don't need to clean power generation of new technology is more and more dependent on fossil fuels.

according to ING, fossil fuels currently accounts for two-thirds of the global power combination. However, in the ING & other; Enthusiasm & throughout; Scenario, wind and solar energy can provide two-thirds of the world's electricity, the generating capacity of 19000 Twh.

however, the report said, in order to meet these requirements, the solar energy needs more than the wind power capacity, and onshore wind not as efficient as offshore wind. “ Due to the instability of the sun and the wind, so we need more capacity to generate 19000 TWh stable quantity, & throughout; ING explains, & other; In other words, these two kinds of energy efficiency is lower than the oil and gas. ”

ING believes that by 2050, solar power generation needs to be increased to an estimated 14000 gw, 19000 terawatt hours of electricity in order to achieve expected, and onshore wind only need 4700 gw, offshore wind about 1200 gw, can provide 19000 terawatts of power.

ING think that is necessary to invest $13 trillion in 2050, including wind power accounted for 7. The biggest share of the $3 trillion. From this perspective, wind and solar power average annual investment needs growth over the next ten years from about $200 billion between 2036 to 2050 of about $500 billion a year, at this time of solar and wind energy investment will at some point over the investment level of the upstream oil and gas.